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Loan calculator

Explore your mortgage options with our intuitive calculator. Get accurate estimates of your monthly payments, the total cost of the loan, and find the best loan terms suited to your financial situation. Ideal for future homeowners and real estate investors.

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Monthly payments

592 €

Including insurance of 13 €/month

Total cost of loan

42 190 €

Including insurance

3 000 €


20 years




This tool is for information purposes only. It should not be considered as financial advice.

Understanding the mortgage calculator

A mortgage calculator is a valuable tool for assessing the financial aspects related to a mortgage loan. It helps users to anticipate the cost of a loan, the monthly payments, and the borrowing capacity in detail.

What is a mortgage calculator?

A mortgage calculator, or simulator, is an online tool that helps to determine borrowing capacity based on several financial parameters. This mortgage loan calculator takes into account the interest rate, the duration of the loan, the borrowed capital, and the insurance rate to provide an estimate of the monthly payments that can be repaid.

  • Parameters included in a mortgage loan simulator:
    • Borrowed capital
    • Duration of the loan
    • Interest rate
    • Insurance rate

Why use a credit calculator?

Using a credit calculator helps in preparing a real estate project by providing visibility on financing. This allows borrowers to adjust their budget, explore different financing possibilities, and evaluate their repayment options more accurately.

  • Advantages of using a mortgage credit calculator:
    • Assess borrowing capacity
    • Determine possible monthly payments
    • Analyze the impact of the loan term
    • Compare different credit offers

In summary, these simulators are essential for the financial planning of a real estate purchase, as they allow for projecting into the future with a solid understanding of the financial implications of the contemplated loan.

How does the mortgage calculator work?

A mortgage calculator is designed to provide an estimate of what a borrower can obtain in terms of a mortgage loan. It assesses the borrowing capacity based on various financial criteria such as income, expenses, the interest rate, the duration of the loan, and the desired monthly payments.

Enter the necessary data

To operate a mortgage calculator, the user must provide several essential pieces of information:

  • The desired loan amount: The sum of money that the borrower plans to borrow.
  • The duration of the loan: The period over which the borrower wishes to spread the repayment.
  • The interest rate: The rate applied by the lending institution, which can vary depending on the borrower's profile and market conditions.
  • The borrower's insurance rate: A mandatory insurance policy that covers the loan in case of payment default for certain reasons.

Understanding results

After entering the information, the calculator estimates the following key elements:

  • Monthly payments: Fixed amounts that the borrower must pay each month, including a portion of the capital and interest.
  • Total cost of the credit: The overall amount encompassing all the monthly payments, interest, and insurance over the duration of the loan.

These tools are useful for performing a simulation before contacting a lending institution, thus allowing one to get a clear and precise idea of the potential cost of a mortgage loan.

Factors affecting credit calculations

When preparing a real estate financing plan, two primary elements significantly influence the calculation of borrowing capacity: the interest rate including borrower's insurance, and the duration of the loan. These factors determine not only the monthly payments but also the total cost of the credit.

Interest rates and insurance

The interest rate and the cost of borrower's insurance are crucial in calculating the monthly payments of a mortgage loan. A lower interest rate makes the cost of credit more advantageous, while quality insurance can represent a significant additional cost. Therefore, it is essential to compare different offers to evaluate the best cost/protection ratio. Online simulation tools allow for considering these variables to estimate the monthly payments and the total cost of the loan. The mortgage calculator is an example where borrowers can adjust these parameters and understand their influence on the final cost of the credit.

  • Interest rate: Direct impact on the total cost of the loan
  • Borrower's insurance: Necessary for securing the loan, but can be costly

Loan term

The duration of the loan is a key factor as it affects both the monthly payments and the total cost of the credit. A longer loan generally increases the total cost due to accumulated interest, but can also help to reduce the amount of the monthly payments, making the debt more manageable on a daily basis. Conversely, a shorter loan duration leads to higher monthly payments, but decreases the total cost by limiting the period during which interest is applied.

  • Short duration: Higher monthly payments, lower total cost
  • Long duration: Lower monthly payments, but increased total cost

Personal contribution

Personal contribution is a determining factor in the calculation of a mortgage loan. It refers to the sum that the borrower can invest from their own funds in their real estate project. A substantial contribution reduces the total amount to be borrowed, which has several advantages.

Firstly, it can lead to lower monthly payments, making repayment more manageable over a given period.

Secondly, a good personal contribution can favorably influence the interest rate offered by the bank. Financial institutions often consider a high contribution as a sign of financial reliability, which can lead to more advantageous loan conditions.

Finally, a substantial personal contribution can also reduce the need for costly borrower's insurance, thus lowering the total cost of the credit.

Debt ratio

Debt-to-income ratio is another crucial criterion in assessing borrowing capacity.

It represents the percentage of an individual's monthly income dedicated to debt repayment, including the prospective mortgage loan. Generally, banks set a debt-to-income ratio ceiling at 33%, although this figure can vary depending on the borrower's overall financial situation. A high debt-to-income ratio can limit borrowing capacity, as it indicates a more restricted financial leeway to absorb additional monthly payments.

Therefore, it is important for borrowers to effectively manage their existing debts and plan their budget to keep the debt-to-income ratio within acceptable limits. This not only increases the likelihood of loan approval but also helps in obtaining more favorable loan terms.

Use the calculator for your property project

When preparing a real estate project, it is crucial to define your budget well and explore different financing options. A mortgage calculator is an essential tool that allows for establishing a solid financial plan and anticipating various possible scenarios.

Planning and budgeting

Initially, the user must enter the amount of their personal contribution, which is the sum immediately available to contribute to the project. They must also take into account recurring expenses that influence their borrowing capacity, as well as notary fees, often overlooked but significant in the calculation.

  • Total budget: Estimation of costs including the real estate purchase, additional expenses, and provision for contingencies.
  • Personal contribution: Essential funds to plan for, which can favorably influence loan conditions.
  • Monthly expenses: Inventory of regular expenses to determine repayment capacity.
  • Notary fees: Specific calculator to assess these additional costs.

Simulation of different scenarios

The simulation tool allows for modeling various mortgage loan scenarios based on the loan duration, interest rates, and monthly repayment capacity. This approach provides an overview of different mortgage loan configurations and associated financial impacts, such as the cost of loan insurance.

  • Loan durations: Effect of the duration on the amount of monthly payments and the total cost of the credit.
  • Interest rates: Influence of rates on the cost of the loan and choice between fixed and variable rates.
  • Simulation for rental investment: Specific projections for those considering a purchase for rental purposes.

This interactive tool helps future homeowners to assess their purchasing capacity and to adjust their rental investment or primary residence project in accordance with their current financial situation and long-term goals.

Tips for optimizing your loan

When choosing a mortgage loan, it is crucial to consider options to save money in the long term. Interest rates and insurance are key elements that can influence the total cost of your credit.

Negotiating interest rates

The best interest rate for a mortgage can make a significant difference in the total repayable amount. It is essential to compare fixed rates and variable rates to see which option best suits your financial situation. Even a slight difference in the Annual Percentage Rate (APR) can lead to significant savings over the total duration of the loan.

  • Fixed rate: security and stability of payments.
  • Variable rate: potential savings if interest rates decrease.

Loan smoothing can also be a beneficial technique for those who have multiple loans in progress. This method allows for balancing monthly payments throughout the repayment period.

Choosing the right insurance

Mortgage loan insurance is another fundamental element to optimize. It is recommended to look for the most advantageous insurance rate while ensuring that the coverage is adequate for your situation. It is often possible to find competitive offers outside of the lending institution.

  • Compare different insurance offers to find the best coverage/price ratio.
  • Pay attention to the details of the guarantees offered according to your specific needs.

By renegotiating or changing insurance during the loan, savings can be made, provided that a level of guarantee is maintained that meets the lender's requirements.

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